PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388200
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388200
The global air purifier market size is expected to reach USD 248,647.90 million by 2032, according to a new study by Polaris market research. The report "Air Purifier Market Share, Size, Trends, Industry Analysis Report, By Type (High-efficiency Particulate Air (HEPA), Activated Carbon, Ionic Filters, Others); By Application; By Residential End-Use; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The industrial sector is expected to drive increased demand for air purifiers as they provide a sterile environment to protect workers during production. Storage facilities, factories, and industrial facilities often emit harmful fine dust particles that risk employee safety and nearby residents' health, making air purifiers popular in the construction industry.
The rise in urbanization and modernization has led to a significant increase in vehicles on the roads, resulting in higher emissions of hazardous pollutants. Additionally, older household appliances like coolers and freezers can emit substantial amounts of CFCs, further contributing to indoor air pollution.
With the COVID-19 outbreak, consumers have become more conscious of their health and indoor air quality. This has increased demand for air purifiers with anti-viral and anti-bacterial filtration capabilities. The emergence of new and advanced air purifiers catering to these needs has further fueled market growth.
The market is witnessing several trends shaping its growth and adoption, consumers are increasingly aware of the importance of indoor air quality and its impact on health. With increasing pollution levels and the prevalence of respiratory diseases, people are becoming more conscious of the need to purify their air. This trend drives the demand for air purifiers in residential and commercial spaces.
Technological advancements are crucial in developing more efficient and advanced air purifiers. Manufacturers are constantly innovating to improve filtration technologies, such as HEPA (High-Efficiency Particulate Air) filters, activated carbon filters, and UV germicidal irradiation, to enhance the effectiveness of air purification. Integration of smart features and connectivity options is also gaining prominence, allowing users to monitor and control air purifiers remotely.
HEPA segment accounted for the largest shares in the market, due to HEPA filters capture harmful particles like smoke, dust mites, pet dander, and pollen in portable air purifiers.
Commercial segment holds the largest revenue shares of the market. Air purifiers are widely used in commercial settings including hotels, educational institutions, healthcare facilities, workplaces, shopping malls, and movie theaters.
North America is expected to hold significant revenue shares of the market due to major industry players, government support, increased consumer awareness, easy product availability, diverse product offerings, and competitive marketing strategies.
The global key market players include: Unilever PLC, Honeywell International Inc., Hitech Ultraviolet Pvt. Ltd., Eureka Forbes Ltd., Daikin Industries Ltd., LG Electronics, Sharp Corp., Panasonic Corporation, American Air & Water Inc.
Polaris market research has segmented the Air Purifier market report based on type, application, residential end-use, and region: